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TradingAlchemist

USDCAD❗Retest resistance level⚡

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TradingAlchemist  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis USDCAD LONG fxsignal signalprovider signal
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trendanalysis chartpattern beyondta usdcad long fxsignal signalprovider signal
An additional signal in favor of reducing quotes will be a test of the resistance line on the relative strength index (RSI). The second signal in favor of the fall will be a rebound from the upper border of the descending channel. Cancellation of the option to drop the USD / CAD currency pair at Forex will be a strong growth and a breakdown of the 1.2595 area. This will indicate a breakdown of the resistance area and a continued rise in quotations to the area above the level of 1.2865. It is worth waiting for confirmation of the pair's fall with the breakdown of the support area and closing of the USD / CAD quotes below 1.2265.

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